Landlords and tenants will face legal issues during the rental process, but not every issue needs to involve the courts. This article will help you learn how the rental laws in Florida handle everything from security deposits to termination notices so you can navigate these with ease. This article is not intended to be exhaustive…
Read articleIf you rent a house, apartment, condominium or mobile home to another person, you enter into a legal contract known as a rental agreement. This rental agreement need not be in writing. If the rental agreement is in writing, it is a “lease.” This agreement has certain basic conditions specified by law, and you should…
Read articleWhen a person pays rent to live in a house, apartment, condominium or mobile home, the renter becomes a tenant governed by Florida law. It doesn’t matter whether payment is made weekly, monthly or at other regular periods. Also, it doesn’t matter whether the apartment, house, condominium or mobile home is rented from a private…
Read articleTurning over a rental property between tenants involves a variety of tasks to ensure the property is clean, well-maintained, and ready for new tenants. Here are some key resources and steps to consider: 1. Cleaning Services 2. Maintenance and Repairs 3. Painting and Flooring 4. Inspect and Replace 5. Landscaping 6. Marketing the Property 7.…
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The Rent-to-Income Ratio is a simple calculation that helps determine what portion of your income is spent on rent. This ratio is often used by landlords to assess whether a prospective tenant can afford the rent. Here’s how you can calculate it: Example Calculation Let’s say your monthly rent is $1,200 and your gross monthly…
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Managing a rental property can be quite a task, but with the right partner, it can be much easier. Here are some tips on how we can help you in the process: 1. Partner Majestic Management Inc When you partner with Majestic Management, Inc you notice a meaningful, positive change. You will receive full support…
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Property management involves overseeing and managing various types of real estate properties on behalf of the owners. This can include residential, commercial, and industrial properties. Here’s how property management typically works: Key Functions of Property Management How Property Management Companies Operate Overall, Majestic Management, inc will provide comprehensive services that simplify property ownership and enhance…
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Home inspections are crucial for several reasons: Overall, a home inspection provides valuable information that protects the investment and ensures the safety and satisfaction of the new homeowners.
Read articleReal estate investors and property owners must grasp several key concepts and practices to ensure their investments are successful and sustainable. Here’s a comprehensive guide on what they should understand: 1. Market Analysis 2. Financial Literacy 3. Property Management 4. Legal and Regulatory Compliance 5. Risk Management 6. Tax Considerations 7. Property Value Enhancement 8.…
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